--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-003149" form_type: "8-K" ticker: "SDST" cik: "0001831979" company_name: "Stardust Power Inc." filed_at: "2023-01-18T23:59:59+00:00" generated_at: "2026-06-20T14:11:20.000072+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # GPAC shareholders approve extension to Apr 2023; ~$265M redeemed; new Antarctica leadership ## Summary - Extension approved to Apr 14, 2023 with monthly option through Jan 14, 2024; 26.1M shares redeemed for ~$265M at ~$10.167/share. - New CEO & Chairman Chandra Patel, President Richard Davis, CFO Jarett Goldman, CTO Graeme Shaw appointed; all from Antarctica Capital affiliates. - Up to $3M investment from Endurance Global Partner II via promissory note; initial $450k funded for extension working capital. - Prior directors Paul Zepf, Pano Anthos, Andrew Cook, James McCann, Jay Ripley resigned; Zepf & Apseloff left officer roles; no disagreement. - Sponsor transferred control to Antarctica Capital affiliates; letter agreement amended to allow transfer with lock-up release. ## SEC filing metadata - accession: 0001213900-23-003149 - form_type: 8-K - ticker: SDST - cik: 0001831979 - company_name: Stardust Power Inc. - filed_at: 2023-01-18T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.03, 5.02, 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/ea171644-8k_globalpart2.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-003149 - JSON: https://secwatch.observer/filing/0001213900-23-003149.json - Plain text: https://secwatch.observer/filing/0001213900-23-003149.txt ## Key facts - Debt Financings Stardust Power Inc. incurred loan of $3,000,000 with Sponsor at does not bear interest maturing upon closing of the Company’s initial business combination. - Instrument: loan - Principal: $3,000,000 - Counterparty: Sponsor - Rate: does not bear interest - Maturity: upon closing of the Company’s initial business combination - Event: incurrence source text: on January 13, 2023, the Company issued an unsecured promissory note in the total principal amount of up to $3,000,000 (the “ Promissory Note ”) to the Sponsor. evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Debt Financings Stardust Power Inc. amended loan with Sponsor maturing the earlier of (i) January 14, 2024, (ii) the consummation of a business combination of the Company and (iii) the liquidation of the Company. - Instrument: loan - Counterparty: Sponsor - Maturity: the earlier of (i) January 14, 2024, (ii) the consummation of a business combination of the Company and (iii) the liquidation of the Company - Event: amendment source text: On January 13, 2023, the Company and the Sponsor entered into an amendment to the promissory note dated August 1, 2022 (the “ Working Capital Promissory Note ”), to extend the maturity date of the Working Capital Promissory Note to the earlier of (i) January 14, 2024, (ii) the consummation of a business combination of the Company and (iii) the liquidation of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change Andrew Cook resigned as Director at Stardust Power Inc.. - Action: resigned - Role: Director source text: Paul J. Zepf, Pano Anthos, Andrew Cook, James McCann and Jay Ripley tendered their resignations as directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change Paul J. Zepf resigned as Officer at Stardust Power Inc.. - Action: resigned - Role: Officer source text: Paul J. Zepf and David Apseloff resigned as officers of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change Jarett Goldman was appointed as Chief Financial Officer at Stardust Power Inc.. - Action: appointed - Role: Chief Financial Officer source text: Jarett Goldman was appointed Chief Financial Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change Jay Ripley resigned as Director at Stardust Power Inc.. - Action: resigned - Role: Director source text: Paul J. Zepf, Pano Anthos, Andrew Cook, James McCann and Jay Ripley tendered their resignations as directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change Graeme Shaw was appointed as Chief Technology Officer at Stardust Power Inc.. - Action: appointed - Role: Chief Technology Officer source text: Graeme Shaw was appointed Chief Technology Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change Chandra R. Patel was appointed as Chairman of the board at Stardust Power Inc.. - Action: appointed - Role: Chairman of the board source text: Chandra R. Patel was appointed Chief Executive Officer and Chairman of the board evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change David Apseloff resigned as Officer at Stardust Power Inc.. - Action: resigned - Role: Officer source text: Paul J. Zepf and David Apseloff resigned as officers of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change Richard C. Davis was appointed as President at Stardust Power Inc.. - Action: appointed - Role: President source text: Richard C. Davis was appointed President evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change Chandra R. Patel was appointed as Chief Executive Officer at Stardust Power Inc.. - Action: appointed - Role: Chief Executive Officer source text: Chandra R. Patel was appointed Chief Executive Officer and Chairman of the board evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change James McCann resigned as Director at Stardust Power Inc.. - Action: resigned - Role: Director source text: Paul J. Zepf, Pano Anthos, Andrew Cook, James McCann and Jay Ripley tendered their resignations as directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change Pano Anthos resigned as Director at Stardust Power Inc.. - Action: resigned - Role: Director source text: Paul J. Zepf, Pano Anthos, Andrew Cook, James McCann and Jay Ripley tendered their resignations as directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Executive change Paul J. Zepf resigned as Director at Stardust Power Inc.. - Action: resigned - Role: Director source text: Paul J. Zepf, Pano Anthos, Andrew Cook, James McCann and Jay Ripley tendered their resignations as directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Governance Changes Stardust Power Inc.: Amended articles of association to extend business combination deadline from January 14, 2023 to April 14, 2023, with option for further monthly extensions up to January 14, 2024 (effective 2023-01-13). - Change: charter amendment - Effective: 2023-01-13 source text: On January 11, 2023, the Company held the Extension Meeting to amend the Company’s amended and restated memorandum and articles of association (the “ Articles Amendment ”) evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Material Agreements Stardust Power Inc. entered into Investment Agreement with Endurance Global Partner II, LLC valued at $3,000,000 (effective 2023-01-13). - Action: entry - Agreement: equity purchase - Counterparty: Endurance Global Partner II, LLC - Value: $3,000,000 - Effective: 2023-01-13 source text: On January 13, 2023, Global Partner Acquisition Corp II, a Cayman Island exempted company (the “ Company ”), entered into an Investment Agreement (the “ Investment Agreement ”) with Global Partner Sponsor II LLC, a Delaware limited liability company (the “ Sponsor ”), and Endurance Global Partner II, LLC, a Delaware limited liability company (the “ Investor ”), pursuant to which the Investor will contribute to the Sponsor an aggregate amount in cash equal up to $3,000,000 (the “ Investment Contribution ”) evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Material Agreements Stardust Power Inc. amended Letter Agreement Amendment with certain officers and directors of the Company (effective 2023-01-13). - Action: amendment - Counterparty: certain officers and directors of the Company - Effective: 2023-01-13 source text: On January 13, 2023, the Company, the Sponsor, and certain officers and directors of the Company (the “ Insiders ,” and together with the Sponsor, the “ Letter Agreement Parties ”) entered into an amendment to the Letter Agreement , dated January 11, 2021 (the “ Letter Agreement ”), to allow the Sponsor to transfer its holdings in the Company, directly or indirectly, to affiliate(s) of Antarctica Capital Partners, LLC prior to the expiration of the applicable lock-up (the “ Letter Agreement Amendment ”) evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Shareholder Votes Stardust Power Inc. shareholders approved Extension Amendment Proposal at the 2023-01-11 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-01-11 source text: The Extension Amendment Proposal For Against Abstain 29,591,556 732,438 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm - Shareholder Votes Stardust Power Inc. shareholders approved Insider Letter Amendment Proposal at the 2023-01-11 meeting. - Outcome: passed - Meeting: 2023-01-11 source text: The Insider Letter Amendment Proposal For Against Abstain 28,584,335 727,385 1,012,274 evidence_url: https://www.sec.gov/Archives/edgar/data/1831979/000121390023003149/0001213900-23-003149-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.